Petrochemical Headlines
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Thailand's PTT Plans $20 Bln Vietnam Refinery, Petrochemical Complex
(Monday, September 01, 2014) PTT Pcl said it would make a proposal to the Vietnamese government to build a $20 billion refinery and petrochemical complex, revised down from an earlier project discussed two years ago.

California Passes Plastic Bag Ban, Would Be First Such Law in U.S.
(Monday, September 01, 2014) The California state legislature enacted a ban on plastic grocery bags on Friday near the end of its two-year session, a measure that if signed into law would become the first of its kind in America.

Borealis Buys Rest of Dutch Plant from DuPont
(Monday, September 01, 2014) Austria's Borealis has bought out partner DuPont's majority stake in a polymers joint venture in the Netherlands, Borealis said on Monday.

LyondellBasell to Build PO/TBA Plant on Gulf Coast
(Friday, August 29, 2014) The preliminary timetable is to have the plant operational in 2019, and the project is expected to generate up to 1,200 construction jobs at its peak.

Albemarle, ICL to Form Flame Retardant Manufacturing JV
(Friday, August 29, 2014) The joint venture and its partners will own and operate a 2,400 MT per year Netherlands plant, which is currently operating, and a 10,000 MT per year Israel plant, which is scheduled to come on line in the 4th quarter of 2014.

CB&I to Design China Grassroots Petchem Complex
(Tuesday, August 26, 2014) CB&I announced Tuesday it has been awarded a contract by Shenhua Ningxia Coal Industry Group Co. Ltd. for the license and engineering design of a grassroots petrochemicals complex to be built in Ningxia, People's Republic of China.

Developer to Lease Ohio Site for Ethane Cracker
(Monday, August 25, 2014) Slightly larger but still "less than world-scale," $1 billion integrated ethylene/polyethylene project advances.

Poland's PKN Selects CB&I for Propylene Unit
(Thursday, August 21, 2014) CB&I announced Thursday it has been awarded a contract by Polski Koncern Naftowy Orlen S.A. (PKN) for the license and engineering design of a new on-purpose propylene production unit to be located in Plock, Poland.

Malaysia Ethylene Complex Project Goes to Toyo
(Thursday, August 21, 2014) Toyo Engineering Corp. has been awarded a contract for a Steam Cracker Complex (SCC) project in Malaysia by PRPC Refinery and Cracker Sdn. Bhd., a subsidiary of PETRONAS.

Banking on U.S. Shale Gas Boom, Asia Petrochemical Firms Switch to LPG
(Thursday, August 21, 2014) Asia petrochemicals firms are building tanks and retooling plants to store and process liquefied petroleum gas imported from the United States, counting on a flood of supply from the shale boom to replace costlier naphtha as a raw material.

India's Reliance to Source 1.5 Mln Tonne/year of Ethane from U.S.
(Wednesday, August 20, 2014) India's Reliance Industries Ltd is to import 1.5 million tonnes a year of ethane from the United States to use as feedstock for its crackers, as the company looks to take advantage of its investments in the prolific North American shale gas industry.

Japan Jul Petchem Naphtha Imports Rise 16 Pct y/y
(Wednesday, August 20, 2014) Japan's naphtha imports for the petrochemical sector rose 16 percent in July from the same month a year earlier, government figures showed on Wednesday.

Mexican Oil Company Pemex Launches Post-reform Corporate Makeover
(Wednesday, August 20, 2014) The company will keep intact its highly profitable E&P unit while it consolidates poorer-performing divisions focused on natural gas, refining and petrochemicals into a single unit, Pemex said in a statement.

Navigating the Petchem FDI Conundrum in Developing Economies
(Wednesday, August 20, 2014) IFC's point man on chemical sector projects sees particularly attractive petchem investment opportunities in Africa, Central Asia and in China, India and Mexico.

Asia Naphtha-Japan's Tonen Chemical Shuts Cracker for Maintenance
(Tuesday, August 19, 2014) Japan's Tonen Chemical Corp, a subsidiary of oil refiner TonenGeneral Sekiyu, has shut a 540,000 tonnes per year (tpy) naphtha cracker at Kawasaki on Tuesday afternoon for scheduled maintenance, a TonenGeneral Sekiyu spokesman said.

China's CNOOC Hizhou Petchem Plant Wants U.S. LPG As Feedstock
(Monday, August 18, 2014) The second phase of Chinese energy giant CNOOC Group's $8 billion petrochemical complex in the southern city of Huizhou intends to use U.S. LPG, a senior executive of the multi-billion dollar project's contractor said on Monday.

Japan, Turkey Start Building $1.3 Bln Turkmen Fertiliser Plant
(Monday, August 18, 2014) Japan's Mitsubishi Corp. and Turkey's Gap Insaat on Monday laid the foundation of a $1.3 billion plant to produce carbamide in Turkmenistan, which plans to gain added value by using its natural gas to produce the fertilizer for export.

China's First Major Industrial User of Shale Gas Swings to Red
(Monday, August 18, 2014) Chongqing Jianfeng Chemical Co Ltd, China's first major industrial user of shale gas, said on Monday it swung to a loss in the first half of the year from a profit a year earlier due to the rising cost of gas.

S.Korea's GS Caltex Eyes Talks with Tesla on Carbon Fiber Supply-Source
(Thursday, August 14, 2014) South Korea's GS Caltex plans to talk with U.S. electric carmaker Tesla Motors about supplying its carbon fiber for vehicles, an industry source familiar with the matter told Reuters.

Platts: Increased US Polypropylene Supply Still Won't Meet Global Shortfall
(Wednesday, August 13, 2014) Growing global demand for polypropylene in the long-term will outstrip increased U.S. propylene supply after shale oil, according to Platts.




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